Morning in Arizona

Arizona: Open for Business

Click on the Title to read the full post.

Great Moments in Public Spending

Posted by on | January 25, 2018 | Comments Off

Our two largest Arizona public colleges are spending over $18 million in public funds just to get rid of their football coaches.

I use the words “public funds” knowing exactly what I am saying.  The schools dispute this, saying:

…no tuition dollars nor public money will fund the buyouts. Both universities have self-sustaining athletic departments

But this is total cr*p.  Money is fungible.  They can pretend that this money comes from athletic program revenues, just as certain electricity customers pay extra to say that their undifferentiated kilowatts from the grid came from a particular solar plan or windmill, but its not true in either case.  Marginal spending is paid for in the end by the marginal source of funds, and the marginal source of funds for universities is tax money.  That is $18 million that could have been spent for about anything in these public education institutions but was prioritized towards trying to upgrade the football coach.

 Great Moments in Public Spending  Great Moments in Public Spending  Great Moments in Public Spending

 Great Moments in Public Spending

share save 171 16 Great Moments in Public Spending

Comments

Comments are closed.